secwatch.observer — SEC 8-K summary
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Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001541119-22-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sound Financial Q4 EPS $0.70 vs $1.34 YoY; NPAs rise 67% sequentially
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- Net income $1.9M ($0.70 diluted) vs $2.6M ($0.98) in Q3 2021 and $3.5M ($1.34) in Q4 2020.
- Net interest margin 3.53%, down from 3.74% in Q3; PPP-deferred fee benefit fell to 5 bps from 41 bps.
- Nonperforming assets increased to $6.2M (0.68% of assets) from $3.7M (0.40%) at Q3 end.
- Loans held-for-portfolio grew $18.8M to $686.4M; no provision for loan losses recorded.
- Efficiency ratio weakened to 75.31% from 64.81% in Q3 and 56.32% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000154111922000003/0001541119-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000154111922000003/sfbc-20220128.htm
  HTML page:      https://secwatch.observer/filing/0001541119-22-000003

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